Forum Replies Created
- lillystar wrote:one of my husbands dreams is to own a ferrari so hopefully one day we will get to a stage where that is a reality!
WOW! Wish my wife was hopeful for that! I currently drive a mitsubishi lancer.
itsandrew
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Is there a limit to the percentage of employees being FIFO? I recall reading that somewhere.
itsandrew
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As an interested observer I had never really thought about those things too much. All I see on the forums is, rentals are scarce, yields are up, capital growth will follow etc. etc. The only social comment I have seen has been a little on the impact on housing for locals ie, council planning, some long time renters are being squeezed out, and some owners are cashing out now there's been big captial growth. Other cost of living pressures.
I suppose it would have a big impact on civic life though with a stack of bored, lonely, male high income earners staying in town.
Having said that I haven't seen people on here complain about the quality and reliability of tenants.
itsandrew
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I sent my vote through. It sure looks like a fun photoshoot..
When do you find out the result?
itsandrew
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Here's a document from the ATO that I came across recently http://www.ato.gov.au/content/downloads/bus70665nat15145072010.pdf
It may have some answers.
itsandrew
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I like that he would want a measley couple of hundred thousand homes! He doesn't do things by halves. Good post
itsandrew
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Gillard 71, Rudd 31 A comprehenive victory. Even if Rudd got closer I think he has irrepairably upset too many of his powerful colleagues to make serious headway for another challenge (notwithstanding that politics is a funny game). He'll try to gain numbers but I don't think he'll make enough inroads. I think it will take a 3rd party to topple Gillard.
itsandrew
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Scott No Mates wrote:Voters have nothing to do with it unless you are a member of the party.Sure, the parties put up the candidates but preselection is not all that democratic. Besides, candidates still have to be voted in by, and supposedly represent, their electorate.
Scratch wrote:What annoys me is MP's are supposed to be elected as a representative of the people in their electorate,!But if your average punter only fronts up on election day and casts their vote based on if we have a carbon tax or not (or some other hip pocket nerve issue), or even worse because they like (or don't like) how a party leader looks and sounds, the local member doesn't really have to represent them that much.
Rolling up to the odd local function, a couple of nice photos in the local paper visiting the local kinder, supporting local causes that they can't change because it's out of their jurisdiction, and taking phone calls of concerned voters without upsetting them and voila you have a nice local member to boot.
Am I too cynical?
itsandrew
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Kevin Rudd said words to the effect that the ALP would still be in trouble if he didn't exist and that they would be looking for someone else to take the leadership in his absence. I think he's right. There's probably a lot in the ALP that agree with him but who aren't prepared to back Rudd because of his serious leadership flaws.
Here's an interesting quote from a Rudd supporter http://www.theage.com.au/opinion/political-news/a-knobhead-but-he-has-wide-appeal-20120225-1tv54.html It seems that most of the caucus are not so forgiving of his foibles as this unnamed MP. Rudd's detractors may have worked more closely with him and see this type of criticism as only the tip of the iceberg.
itsandrew
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Agreed. I don't think the ALP have a glut of high quality leaders atm. Alternatives are Crean and Shorten. Perhaps Swan fancies himself too? If Rudd get's up he's there until the election. If Gillard wins it remains a 'watch this space' scenario for the next few months ie. it won't be resolved 'once and for all'.
itsandrew
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Wouldn't pick you for an anarchist! But I do sympathise with what you are saying. When a government doesn't have control in it's own right, governing the country becomes more of a circus than normal. Whether it's Rudd or Gillard it won't change that. Reality is it's probably best for the country if we have an election asap so this hung parliament is dissolved. But it aint gonna happen if Gillard is returned. And doubtful if Rudd is returned.
itsandrew
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Have a look at posts by euro73. I remember he covered quite a lot of info on NRAS last year.
itsandrew
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jazz77 wrote:Yes, i know its buyer beware, not much good to me when i'm outbid by someone who doesnt do their homework though.
Perhaps you, or someone you know, can raise it with the auctioneer when the auction starts. Make sure it's clarified publicly before bids are taken.
itsandrew
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Thank you for letting us know. We have blocked this spam.
Regards,
Andrew
itsandrew
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"Not to speak is to speak. Not to act is to act."
Dietrich Bonhoeffer
itsandrew
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fWord wrote:Marie123 wrote:"Step 8. Baby boomers have to sell their properties now that the value of their super has halved and they need something to live off. This adds further downward pressure to the viscious spiral"Isnt this already happening? For those that have lost big money in shares (via their super) they have already been selling up, no?
When the sharemarket does recover and levels start heading towards the peak again, the boomers would retire en masse. And that's when they'll be selling their investment properties.
I don't think that's so much of a problem as I think there will be a corresponding number of new buyers on the market via increasingly cashed up SMSF's. Adding to that is that you can now borrow to make that investment meaning even more properties can be bought by this cohort. So I think the sale of the baby boomer properties will be absorbed pretty readily by the next generation. Perhaps there will even be insufficient supply.
itsandrew
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Yeah, deductability of super contributions and life cover under super. I've been told that I have to earn 90% of my income through contract work to be able to claim it. If fringe benefits is added to all my taxable income I think it pushes me over that threshold. Not sure if I am understanding it properly though. Have called an old accountant and they weren't sure. Will be seeing another one soon but hoping to have my head around it before I see them. I hope this makes sense.
itsandrew
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Well done on your French property. It's interesting to see a different angle given all the talk on OS investing is about USA.
Were you specifically targetting France or broader EU as an investing option? I find it hard enough to keep abreast of parts of the Aussie market let alone foreign non english speaking markets.
Andrew
itsandrew
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Hi Richard,
What do you make of some of the other aspects of investing in the UK that are being touted on this forum as considerable risks in the usa. eg. types of neighbourhoods (ghettos) , empty estates, tenant damage, theft, vacancy rates. Is it as prevalent?
From reading your posts I know you're involved in the market over there (and in france) so you're obviously happy with it. But it would be interesting to hear your views of this side of the equation.
Andrew
itsandrew
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This recent thread had a bit to say on ATM's.
https://www.propertyinvesting.com/forums/property-investing/creative-investing/4338224
Andrew
itsandrew
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